Downtown bank building to be renovated into a modern food hall – The Spokesman-Evaluate

A downtown nook with a piece of banking historical past since Spokane’s earliest days will maintain town’s first modern food hall.

Plans have been filed to convert the Umpqua Bank building on the nook of Riverside and Wall into a multi-tenant restaurant area referred to as the Market Hall Eatery, primarily based on a related growth in Portland.

The plans present a shared, open hall with up to 14 areas for tenants. Whereas it’s unclear if any tenants have been discovered, the plans listing a donut store, taqueria, “The Vault” lounge, a brunch diner, ramen home, burger joint and two shared kitchens.

The bank building, which housed Sterling Bank earlier than its acquisition by Umpqua in 2013, will see main adjustments as builders intestine the inside to make area for the hall and remake the outside, stripping the columns and changing them with metal awnings.

An software with town estimates these first phases of building will value $ million, that are anticipated to start this spring.

Not like food courts, which usually cater to consumers with quick food chains, food halls home native boutique, artisan sellers. Saranac Commons, on the east finish of downtown on Principal, is analogous to a food hall, however accommodates retail outlets as nicely.

Nicely-identified examples of any such market embody the Italian-themed Eataly, which has places in New York Metropolis, Chicago, Tokyo and Rome. The Bourdain Market, an concept from TV food and journey superstar Anthony Bourdain, was supposed for New York’s Pier 57, however has just lately run into roadblocks.

In Spokane, the corporate that bought the building in September for $6.5 million and is doing the work, Alexander Good Depot, is owned by Colorado-primarily based Confluent Growth, a actual property firm, and InterUrban Growth, which is partly owned by Rob Brewster.

Brewster mentioned Tuesday the businesses weren’t but prepared to talk about the plans.

Brewster, who grew up in Spokane, has developed numerous tasks in Spokane for years, and is currently working on restoring the McKinley School in the East Central neighborhood. Brewster first made a title for himself in Spokane with the restoration of the Holly-Mason Building and Montvale Resort. For a time, he owned the Hutton Building with plans to develop it, but lost it to foreclosure and Spokane Teachers Credit Union during the economic downturn.

Brewster has labored on a variety of developments in Portland and Seattle, the place he's primarily based.

The Pine Avenue Market in Portland is analogous to what Brewster and the businesses have deliberate for Spokane. In 2016, Brewster’s firm refurbished the 28,500-square-foot, 130-year-outdated Baggage and Carriage Switch Building utilizing historic tax credit. The renovated area holds 9 small “eateries,” together with HopWorks City Brewery, Olympia Provisions sizzling canines and Ken’s Artisan Bread.

In accordance to InterUrban’s web site, the building is now amongst Portland’s “trendiest workplace/retail buildings” and is dwelling to GuideSpark, a San Francisco-primarily based human sources firm.

Umpqua moved its downtown location to the Crescent Building on Main in 2016, however the Sterling building it vacated has a storied monetary historical past. In 1892, the Bank of Spokane Falls started to construct a small marble building on the location, however it went underneath within the Panic of 1893 earlier than building was full. Regardless of the bank’s failure, the building had banks as tenants for many years. The Outdated Nationwide Bank, Union Belief Firm and Constancy Nationwide Bank all occupied the small building, and used its picture on their checks.

The Marble Bank, because it was referred to as, was torn down in 1953 by the Crescent division retailer, which constructed the present building as an enlargement to its retailer. The building was transformed in 1994 to its current state.

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Downtown bank building to be renovated into a modern food hall - The Spokesman-Evaluate